Kimbell Royalty Partners, LP (KRP) 10-Year Financial Performance & Capital Metrics

KRP • • Industrial / General

EnergyOil & Gas E&PMineral & Royalty CompaniesLarge-Scale Mineral Owners

AboutKimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres. The company's mineral and royalty interests are located in 28 states and include ownership in approximately 122,000 gross wells, including approximately 46,000 wells in the Permian Basin. It serves as the general partner of the company. The company was founded in 2013 and is based in Fort Worth, Texas.Show more

Revenue $311M +13.7%
EBITDA $172M -16.6%
Net Income $12M -81.6%
EPS (Diluted) -76.16 -8469.2%
Gross Margin 49.93% -12.8%
EBITDA Margin 55.52% -26.6%
Operating Margin 11.91% -70.4%
Net Margin 3.94% -83.8%
ROE 1.3% -82.0%
ROIC 2.35% -67.0%
Debt/Equity 0.28 -2.4%
Interest Coverage 1.39 -67.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 80.7% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 23.1%

✗Weaknesses

✗Dividend payout exceeds 100% of earnings
✗Shares diluted 24.7% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y45.67%

5Y23.09%

3Y20.31%

TTM1.23%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-28.74%

TTM-37.17%

EPS CAGR

10Y-

5Y-

3Y-

TTM-59.59%

ROCE

10Y Avg-11.31%

5Y Avg-0.16%

3Y Avg9.68%

Latest3.04%

Peer Comparison

Large-Scale Mineral Owners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TPLTexas Pacific Land Corporation	22.81B	330.94	16.78	11.75%	61.68%	34.82%	2.02%	0.00
BSMBlack Stone Minerals, L.P.	3B	14.15	12.30	-12.31%	67.81%	24.36%	12.84%	0.02
DMLPDorchester Minerals, L.P.	1.12B	23.31	10.94	-1.39%	35.84%	16.69%	11.79%	0.00
NOGNorthern Oil and Gas, Inc.	2.2B	22.56	4.39	13.46%	8.26%	8.07%		1.02
KRPKimbell Royalty Partners, LP	1.16B	12.46	-0.16	13.72%	11.14%	4.66%	21.54%	0.28

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	4.68M	3.61M	30.66M	66.93M	109.96M	92.93M	178.41M	285.04M	273.18M	310.65M
Revenue Growth %	-0.35%	-0.23%	7.5%	1.18%	0.64%	-0.15%	0.92%	0.6%	-0.04%	0.14%
Cost of Goods Sold+	4.44M	1.88M	5.27B	29.61M	59.84M	54.38M	47.28M	66.33M	116.8M	155.53M
COGS % of Revenue	0.95%	0.52%	171.97%	0.44%	0.54%	0.59%	0.27%	0.23%	0.43%	0.5%
Gross Profit+	249.31K	1.72M	-5.24B	37.31M	50.12M	38.55M	131.13M	218.71M	156.38M	155.12M
Gross Margin %	0.05%	0.48%	-170.97%	0.56%	0.46%	0.41%	0.73%	0.77%	0.57%	0.5%
Gross Profit Growth %	-0.9%	5.91%	-3045.59%	1.01%	0.34%	-0.23%	2.4%	0.67%	-0.29%	-0.01%
Operating Expenses+	2.54M	2.5M	28.61M	21.5M	30.81M	289.29M	81.82M	81.79M	46.5M	118.13M
OpEx % of Revenue	0.54%	0.69%	0.93%	0.32%	0.28%	3.11%	0.46%	0.29%	0.17%	0.38%
Selling, General & Admin	2.54M	2.5M	1.65M	21.5M	30.81M	35.28M	39.03M	44.82M	49.17M	54.67M
SG&A % of Revenue	0.54%	0.69%	0.05%	0.32%	0.28%	0.38%	0.22%	0.16%	0.18%	0.18%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	26.97M	0	0	254.01M	42.79M	36.98M	-2.67M	63.46M
Operating Income+	-30.96M	-5.77M	2.05M	-48.17M	-32.89M	-250.73M	49.31M	136.92M	109.87M	36.99M
Operating Margin %	-6.61%	-1.6%	0.07%	-0.72%	-0.3%	-2.7%	0.28%	0.48%	0.4%	0.12%
Operating Income Growth %	-3.36%	0.81%	1.36%	-24.5%	0.32%	-6.62%	1.2%	1.78%	-0.2%	-0.66%
EBITDA+	-26.95M	-4.16M	17.71M	-22.95M	19.39M	-202.47M	86.41M	187.32M	206.69M	172.47M
EBITDA Margin %	-5.75%	-1.15%	0.58%	-0.34%	0.18%	-2.18%	0.48%	0.66%	0.76%	0.56%
EBITDA Growth %	-7.84%	0.85%	5.25%	-2.3%	1.84%	-11.44%	1.43%	1.17%	0.1%	-0.17%
D&A (Non-Cash Add-back)	4.01M	1.6M	15.66M	25.21M	52.27M	48.26M	37.1M	50.41M	96.81M	135.47M
EBIT	-30.96M	-5.77M	2.05M	-48.17M	-151.49M	-250.55M	51.69M	147.35M	112.72M	36.99M
Net Interest Income+	-385.12K	-424.84K	0	-4.09M	-5.81M	-6.43M	-9.18M	-10.1M	-22.44M	-26.7M
Interest Income	0	0	0	0	0	0	0	3.72M	3.51M	0
Interest Expense	385.12K	424.84K	791.44K	4.09M	5.81M	6.43M	9.18M	13.82M	25.95M	26.7M
Other Income/Expense	-385.12K	-424.84K	-830.75K	-4.09M	-5.73M	-6.24M	-6.8M	-3.38M	-23.1M	-26.7M
Pretax Income+	-31.35M	-6.19M	1.22M	-52.26M	-157.31M	-256.98M	42.51M	133.53M	86.77M	10.3M
Pretax Margin %	-6.69%	-1.72%	0.04%	-0.78%	-1.43%	-2.77%	0.24%	0.47%	0.32%	0.03%
Income Tax+	-32.2K	19.85K	-39.3K	25K	899K	-885.19K	74.1K	2.74M	3.77M	-771.33K
Effective Tax Rate %	1%	1%	1%	0.97%	1.01%	0.62%	0.8%	0.84%	0.77%	1.19%
Net Income+	-31.31M	-6.21M	1.22M	-50.46M	-158.21M	-159.54M	33.86M	111.93M	66.45M	12.25M
Net Margin %	-6.68%	-1.72%	0.04%	-0.75%	-1.44%	-1.72%	0.19%	0.39%	0.24%	0.04%
Net Income Growth %	-3.22%	0.8%	1.2%	-42.4%	-2.14%	-0.01%	1.21%	2.31%	-0.41%	-0.82%
Net Income (Continuing)	-31.31M	-6.21M	1.22M	-52.28M	-158.21M	-256.09M	42.44M	130.79M	83.01M	11.07M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	297.76M	281.16M	77M	19.25M	210.79M	157.19M	83.27M
EPS (Diluted)+	-28.30	-0.38	0.07	-2.74	-7.47	-4.85	0.51	1.72	0.91	-76.16
EPS Growth %	-3.22%	0.99%	1.19%	-38.08%	-1.73%	0.35%	1.11%	2.37%	-0.47%	-84.69%
EPS (Basic)	-28.30	-0.38	0.07	-2.74	-7.47	-4.85	0.84	1.75	1.27	-115.93
Diluted Shares Outstanding	1.11M	16.33M	16.5M	18.44M	21.19M	34.53M	60.96M	65.84M	93.06M	116.05M
Basic Shares Outstanding	1.11M	16.33M	16.34M	18.43M	21.19M	34.53M	40.4M	54.11M	66.6M	76.24M
Dividend Payout Ratio	-	-	11.34%	-	-	-	2.04%	1.13%	2.29%	13.68%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.16M	1.32M	12.65M	37.61M	34.14M	28.33M	45.42M	75.19M	103.14M	85.27M
Cash & Short-Term Investments	379.74K	505.88K	5.63M	15.77M	14.2M	9.8M	7.05M	24.64M	30.99M	34.17M
Cash Only	379.74K	505.88K	5.63M	15.77M	14.2M	9.8M	7.05M	24.64M	30.99M	34.17M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	407.65K	818.47K	7.03M	18.85M	19.17M	18.53M	38.2M	50.56M	60.72M	48.7M
Days Sales Outstanding	31.76	82.83	83.67	102.81	63.64	72.77	78.15	64.74	81.13	57.21
Inventory	0	0	0	2.98M	2.95M	0	-38.36B	-3.56M	0	0
Days Inventory Outstanding	-	-	-	36.74	18.01	-	-	-	-	-
Other Current Assets	1.37M	0	490	7.05K	-2.19M	288	38.37B	3.53M	11.43M	2.4M
Total Non-Current Assets+	25.75M	19.21M	282.64M	715.67M	714.45M	536.3M	556.07M	1B	1.23B	1.03B
Property, Plant & Equipment	25.7M	19.2M	282.38M	711.25M	709.17M	526.08M	545.52M	756.75M	1.22B	1.03B
Fixed Asset Turnover	0.18x	0.19x	0.11x	0.09x	0.16x	0.18x	0.33x	0.38x	0.22x	0.30x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	1.25M	2.95M	5.13M	4.74M	240.62B	2.89M	565.94K
Other Non-Current Assets	47.02K	13.05K	255K	3.18M	2.33M	5.09M	5.81M	-240.38B	7.33M	5.26M
Total Assets+	27.91M	20.54M	295.29M	753.28M	748.59M	564.63M	601.49M	1.08B	1.34B	1.12B
Asset Turnover	0.17x	0.18x	0.10x	0.09x	0.15x	0.16x	0.30x	0.26x	0.20x	0.28x
Asset Growth %	-0.53%	-0.26%	13.38%	1.55%	-0.01%	-0.25%	0.07%	0.79%	0.24%	-0.16%
Total Current Liabilities+	2.02M	1.17M	2.25M	3.8M	5.44M	8.77M	28.32M	18.77M	12.98M	12.75M
Accounts Payable	1.98M	1.03M	316.49K	1.33M	1.21M	888.74K	811.02K	1.21M	6.59M	6.5M
Days Payables Outstanding	163.23	199.64	0.02	16.41	7.37	5.97	6.26	6.66	20.61	15.27
Short-Term Debt	0	0	0	0	0	0	486.05K	487.79K	488.73K	489.14K
Deferred Revenue (Current)	0	0	509.13K	0	0	0	-486.05K	0	0	0
Other Current Liabilities	37.19K	139.52K	798.15K	2.47M	4.23M	7.88M	27.51M	17.07M	5.89M	5.75M
Current Ratio	1.07x	1.13x	5.63x	9.90x	6.28x	3.23x	1.60x	4.01x	7.95x	6.69x
Quick Ratio	1.07x	1.13x	5.63x	9.11x	5.73x	3.23x	1356.25x	4.20x	7.95x	6.69x
Cash Conversion Cycle	-	-	-	123.15	74.28	-	-	-	-	-
Total Non-Current Liabilities+	11.65M	10.74M	30.98M	87.31M	103.26M	177.57M	224.32M	244.57M	296.35M	243.67M
Long-Term Debt	11.45M	10.6M	30.84M	87.31M	100.14M	171.55M	217.12M	233.02M	294.2M	239.16M
Capital Lease Obligations	0	0	0	0	3.12M	2.85M	2.56M	2.24M	1.89M	3.56M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	196.66K	137.63K	134.87K	0	0	3.17M	4.64M	9.32M	258.01K	952.48K
Total Liabilities	13.67M	11.91M	33.23M	91.11M	108.7M	186.33M	252.64M	263.34M	309.32M	256.42M
Total Debt+	11.45M	10.6M	30.84M	87.31M	103.26M	174.4M	219.68M	235.25M	296.09M	242.72M
Net Debt	11.07M	10.09M	25.22M	71.54M	89.06M	164.59M	212.63M	210.62M	265.1M	208.55M
Debt / Equity	0.80x	1.23x	0.12x	0.13x	0.16x	0.46x	0.63x	0.29x	0.29x	0.28x
Debt / EBITDA	-	-	1.74x	-	5.33x	-	2.54x	1.26x	1.43x	1.41x
Net Debt / EBITDA	-	-	1.42x	-	4.59x	-	2.46x	1.12x	1.28x	1.21x
Interest Coverage	-80.39x	-13.58x	2.59x	-11.77x	-5.66x	-38.99x	5.37x	9.91x	4.23x	1.39x
Total Equity+	14.24M	8.63M	262.07M	662.18M	639.89M	378.3M	348.85M	813.41M	1.03B	863.5M
Equity Growth %	-0.7%	-0.39%	29.36%	1.53%	-0.03%	-0.41%	-0.08%	1.33%	0.26%	-0.16%
Book Value per Share	12.87	0.53	15.88	35.91	30.19	10.96	5.72	12.35	11.05	7.44
Total Shareholders' Equity	14.24M	8.63M	262.07M	364.41M	358.74M	301.3M	329.6M	602.62M	871.27M	780.22M
Common Stock	14.24M	8.63M	262.07M	294.97M	283.83M	258.63M	329.6M	602.62M	556.85M	464.22M
Retained Earnings	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	297.76M	281.16M	77M	19.25M	210.79M	157.19M	83.27M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.71M	1.09M	18.76M	33.2M	80.7M	62.25M	91.44M	166.64M	174.27M	250.92M
Operating CF Margin %	0.58%	0.3%	0.61%	0.5%	0.73%	0.67%	0.51%	0.58%	0.64%	0.81%
Operating CF Growth %	-0.33%	-0.6%	16.26%	0.77%	1.43%	-0.23%	0.47%	0.82%	0.05%	0.44%
Net Income	-31.31M	-6.21M	1.22M	-52.28M	-158.21M	-256.09M	42.44M	130.79M	83.01M	11.07M
Depreciation & Amortization	4.01M	1.6M	15.66M	25.21M	52.27M	48.26M	37.1M	50.41M	96.81M	135.47M
Stock-Based Compensation	605.06K	605.06K	848.84K	3.17M	7.5M	9.26M	10.63M	11.11M	13.11M	16.38M
Deferred Taxes	0	4.99M	0	62.76M	172.49M	0	0	0	0	0
Other Non-Cash Items	32.71M	12.6K	33.66M	466K	1.05M	260.15M	21.8M	-11.35M	-9.92M	76.46M
Working Capital Changes	713.46K	84.46K	655K	-6.13M	5.59M	659.53K	-20.52M	-14.33M	-8.74M	11.53M
Change in Receivables	464.88K	-66.45K	-1.68M	-6.86M	4.38M	720.92K	-19.67M	-12.36M	-10.16M	12.02M
Change in Inventory	-1.49M	949.75K	-233.78K	-34.07M	1.76M	0	0	0	0	0
Change in Payables	1.6M	-952.8K	564.46K	985.94K	-125.39K	-319K	-77.72K	399.32K	509.4K	-89.11K
Cash from Investing+	-538.64K	-97.46K	-125.91M	-200.93M	-15.59M	-90.83M	-55.57M	-374.72M	-246.68M	-209.89K
Capital Expenditures	-538.64K	-97.46K	-61.93K	-211.5M	-12.72M	-88.6M	-56.07M	-141.46M	-490.81M	-209.89K
CapEx % of Revenue	0.11%	0.03%	0%	3.16%	0.12%	0.95%	0.31%	0.5%	1.8%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-78.16M	-125.85M	10.58M	94.15K	0	500.39K	-91.97M	31.55K	0
Cash from Financing+	-2.06M	-863K	112.96M	177.87M	-66.68M	24.18M	-38.62M	226.06M	78.38M	-247.53M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-4.51M	0	-13.82M	-40.95M	-78.85M	-54.93M	-71.72M	-126.77M	-152.97M	-187.2M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-13K	95.94M	-3.39M	-806.39K	-4.45M	-684.77K	224.26M	-254.76M	-4.98M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.17M	989.14K	18.7M	-178.3M	67.98M	-26.35M	35.37M	25.18M	-316.54M	250.71M
FCF Margin %	0.46%	0.27%	0.61%	-2.66%	0.62%	-0.28%	0.2%	0.09%	-1.16%	0.81%
FCF Growth %	1.04%	-0.55%	17.9%	-10.54%	1.38%	-1.39%	2.34%	-0.29%	-13.57%	1.79%
FCF per Share	1.96	0.06	1.13	-9.67	3.21	-0.76	0.58	0.38	-3.40	2.16
FCF Conversion (FCF/Net Income)	-0.09x	-0.17x	15.39x	-0.66x	-0.51x	-0.39x	2.70x	1.49x	2.62x	20.48x
Interest Paid	333.29K	373.51K	0	0	5.18M	5.35M	7.54M	11.21M	23.73M	25.28M
Taxes Paid	7.36K	25.89K	0	0	801.67K	0	0	3.08M	2.28M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-100.31%	-54.33%	0.9%	-10.92%	-24.3%	-31.34%	9.31%	19.26%	7.22%	1.3%
Return on Invested Capital (ROIC)	-56.47%	-19.65%	1%	-7.08%	-3.37%	-29.57%	6.7%	12.95%	7.11%	2.35%
Gross Margin	5.32%	47.74%	-17096.95%	55.75%	45.58%	41.49%	73.5%	76.73%	57.24%	49.93%
Net Margin	-668.4%	-172.25%	3.97%	-75.39%	-143.88%	-171.67%	18.98%	39.27%	24.33%	3.94%
Debt / Equity	0.80x	1.23x	0.12x	0.13x	0.16x	0.46x	0.63x	0.29x	0.29x	0.28x
Interest Coverage	-80.39x	-13.58x	2.59x	-11.77x	-5.66x	-38.99x	5.37x	9.91x	4.23x	1.39x
FCF Conversion	-0.09x	-0.17x	15.39x	-0.66x	-0.51x	-0.39x	2.70x	1.49x	2.62x	20.48x
Revenue Growth	-35.11%	-23.02%	750.22%	118.25%	64.3%	-15.48%	91.97%	59.77%	-4.16%	13.72%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Oil and Gas	-	-	-	-	-	-	304.61M
Oil and Gas Growth	-	-	-	-	-	-	-
Oil and Condensate	-	-	-	-	-	-	215.54M
Oil and Condensate Growth	-	-	-	-	-	-	-
Natural Gas, Midstream	-	-	-	-	-	-	50.16M
Natural Gas, Midstream Growth	-	-	-	-	-	-	-
Oil, natural gas and NGL revenues	-	-	-	175.09M	281.96M	267.58M	-
Oil, natural gas and NGL revenues Growth	-	-	-	-	61.04%	-5.10%	-
Lease bonus and other income	-	-	-	3.32M	3.07M	5.59M	-
Lease bonus and other income Growth	-	-	-	-	-7.40%	82.03%	-
Oil And Gas	65.71M	107.48M	92.59M	-	-	-	-
Oil And Gas Growth	-	63.56%	-13.86%	-	-	-	-
Lease Bonus And Other Income	1.21M	2.48M	345.77K	-	-	-	-
Lease Bonus And Other Income Growth	-	104.12%	-86.04%	-	-	-	-

Frequently Asked Questions

Growth & Financials

Kimbell Royalty Partners, LP (KRP) reported $328.3M in revenue for fiscal year 2024. This represents a 6443% increase from $5.0M in 2013.

Kimbell Royalty Partners, LP (KRP) grew revenue by 13.7% over the past year. This is steady growth.

Yes, Kimbell Royalty Partners, LP (KRP) is profitable, generating $36.6M in net income for fiscal year 2024 (3.9% net margin).

Dividend & Returns

Yes, Kimbell Royalty Partners, LP (KRP) pays a dividend with a yield of 11.60%. This makes it attractive for income-focused investors.

Kimbell Royalty Partners, LP (KRP) has a return on equity (ROE) of 1.3%. This is below average, suggesting room for improvement.

Kimbell Royalty Partners, LP (KRP) generated $22.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Kimbell Royalty Partners, LP (KRP) 10-Year Financial Performance & Capital Metrics

KRP • • Industrial / General

EnergyOil & Gas E&PMineral & Royalty CompaniesLarge-Scale Mineral Owners

Revenue $311M +13.7%
EBITDA $172M -16.6%
Net Income $12M -81.6%
EPS (Diluted) -76.16 -8469.2%
Gross Margin 49.93% -12.8%
EBITDA Margin 55.52% -26.6%
Operating Margin 11.91% -70.4%
Net Margin 3.94% -83.8%
ROE 1.3% -82.0%
ROIC 2.35% -67.0%
Debt/Equity 0.28 -2.4%
Interest Coverage 1.39 -67.3%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓FCF machine: 80.7% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 23.1%

✗Weaknesses

✗Dividend payout exceeds 100% of earnings
✗Shares diluted 24.7% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y45.67%

5Y23.09%

3Y20.31%

TTM1.23%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-28.74%

TTM-37.17%

EPS CAGR

10Y-

5Y-

3Y-

TTM-59.59%

ROCE

10Y Avg-11.31%

5Y Avg-0.16%

3Y Avg9.68%

Latest3.04%

Peer Comparison

Large-Scale Mineral Owners

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TPLTexas Pacific Land Corporation	22.81B	330.94	16.78	11.75%	61.68%	34.82%	2.02%	0.00
BSMBlack Stone Minerals, L.P.	3B	14.15	12.30	-12.31%	67.81%	24.36%	12.84%	0.02
DMLPDorchester Minerals, L.P.	1.12B	23.31	10.94	-1.39%	35.84%	16.69%	11.79%	0.00
NOGNorthern Oil and Gas, Inc.	2.2B	22.56	4.39	13.46%	8.26%	8.07%		1.02
KRPKimbell Royalty Partners, LP	1.16B	12.46	-0.16	13.72%	11.14%	4.66%	21.54%	0.28

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	4.68M	3.61M	30.66M	66.93M	109.96M	92.93M	178.41M	285.04M	273.18M	310.65M
Revenue Growth %	-0.35%	-0.23%	7.5%	1.18%	0.64%	-0.15%	0.92%	0.6%	-0.04%	0.14%
Cost of Goods Sold+	4.44M	1.88M	5.27B	29.61M	59.84M	54.38M	47.28M	66.33M	116.8M	155.53M
COGS % of Revenue	0.95%	0.52%	171.97%	0.44%	0.54%	0.59%	0.27%	0.23%	0.43%	0.5%
Gross Profit+	249.31K	1.72M	-5.24B	37.31M	50.12M	38.55M	131.13M	218.71M	156.38M	155.12M
Gross Margin %	0.05%	0.48%	-170.97%	0.56%	0.46%	0.41%	0.73%	0.77%	0.57%	0.5%
Gross Profit Growth %	-0.9%	5.91%	-3045.59%	1.01%	0.34%	-0.23%	2.4%	0.67%	-0.29%	-0.01%
Operating Expenses+	2.54M	2.5M	28.61M	21.5M	30.81M	289.29M	81.82M	81.79M	46.5M	118.13M
OpEx % of Revenue	0.54%	0.69%	0.93%	0.32%	0.28%	3.11%	0.46%	0.29%	0.17%	0.38%
Selling, General & Admin	2.54M	2.5M	1.65M	21.5M	30.81M	35.28M	39.03M	44.82M	49.17M	54.67M
SG&A % of Revenue	0.54%	0.69%	0.05%	0.32%	0.28%	0.38%	0.22%	0.16%	0.18%	0.18%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	26.97M	0	0	254.01M	42.79M	36.98M	-2.67M	63.46M
Operating Income+	-30.96M	-5.77M	2.05M	-48.17M	-32.89M	-250.73M	49.31M	136.92M	109.87M	36.99M
Operating Margin %	-6.61%	-1.6%	0.07%	-0.72%	-0.3%	-2.7%	0.28%	0.48%	0.4%	0.12%
Operating Income Growth %	-3.36%	0.81%	1.36%	-24.5%	0.32%	-6.62%	1.2%	1.78%	-0.2%	-0.66%
EBITDA+	-26.95M	-4.16M	17.71M	-22.95M	19.39M	-202.47M	86.41M	187.32M	206.69M	172.47M
EBITDA Margin %	-5.75%	-1.15%	0.58%	-0.34%	0.18%	-2.18%	0.48%	0.66%	0.76%	0.56%
EBITDA Growth %	-7.84%	0.85%	5.25%	-2.3%	1.84%	-11.44%	1.43%	1.17%	0.1%	-0.17%
D&A (Non-Cash Add-back)	4.01M	1.6M	15.66M	25.21M	52.27M	48.26M	37.1M	50.41M	96.81M	135.47M
EBIT	-30.96M	-5.77M	2.05M	-48.17M	-151.49M	-250.55M	51.69M	147.35M	112.72M	36.99M
Net Interest Income+	-385.12K	-424.84K	0	-4.09M	-5.81M	-6.43M	-9.18M	-10.1M	-22.44M	-26.7M
Interest Income	0	0	0	0	0	0	0	3.72M	3.51M	0
Interest Expense	385.12K	424.84K	791.44K	4.09M	5.81M	6.43M	9.18M	13.82M	25.95M	26.7M
Other Income/Expense	-385.12K	-424.84K	-830.75K	-4.09M	-5.73M	-6.24M	-6.8M	-3.38M	-23.1M	-26.7M
Pretax Income+	-31.35M	-6.19M	1.22M	-52.26M	-157.31M	-256.98M	42.51M	133.53M	86.77M	10.3M
Pretax Margin %	-6.69%	-1.72%	0.04%	-0.78%	-1.43%	-2.77%	0.24%	0.47%	0.32%	0.03%
Income Tax+	-32.2K	19.85K	-39.3K	25K	899K	-885.19K	74.1K	2.74M	3.77M	-771.33K
Effective Tax Rate %	1%	1%	1%	0.97%	1.01%	0.62%	0.8%	0.84%	0.77%	1.19%
Net Income+	-31.31M	-6.21M	1.22M	-50.46M	-158.21M	-159.54M	33.86M	111.93M	66.45M	12.25M
Net Margin %	-6.68%	-1.72%	0.04%	-0.75%	-1.44%	-1.72%	0.19%	0.39%	0.24%	0.04%
Net Income Growth %	-3.22%	0.8%	1.2%	-42.4%	-2.14%	-0.01%	1.21%	2.31%	-0.41%	-0.82%
Net Income (Continuing)	-31.31M	-6.21M	1.22M	-52.28M	-158.21M	-256.09M	42.44M	130.79M	83.01M	11.07M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	297.76M	281.16M	77M	19.25M	210.79M	157.19M	83.27M
EPS (Diluted)+	-28.30	-0.38	0.07	-2.74	-7.47	-4.85	0.51	1.72	0.91	-76.16
EPS Growth %	-3.22%	0.99%	1.19%	-38.08%	-1.73%	0.35%	1.11%	2.37%	-0.47%	-84.69%
EPS (Basic)	-28.30	-0.38	0.07	-2.74	-7.47	-4.85	0.84	1.75	1.27	-115.93
Diluted Shares Outstanding	1.11M	16.33M	16.5M	18.44M	21.19M	34.53M	60.96M	65.84M	93.06M	116.05M
Basic Shares Outstanding	1.11M	16.33M	16.34M	18.43M	21.19M	34.53M	40.4M	54.11M	66.6M	76.24M
Dividend Payout Ratio	-	-	11.34%	-	-	-	2.04%	1.13%	2.29%	13.68%

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.16M	1.32M	12.65M	37.61M	34.14M	28.33M	45.42M	75.19M	103.14M	85.27M
Cash & Short-Term Investments	379.74K	505.88K	5.63M	15.77M	14.2M	9.8M	7.05M	24.64M	30.99M	34.17M
Cash Only	379.74K	505.88K	5.63M	15.77M	14.2M	9.8M	7.05M	24.64M	30.99M	34.17M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	407.65K	818.47K	7.03M	18.85M	19.17M	18.53M	38.2M	50.56M	60.72M	48.7M
Days Sales Outstanding	31.76	82.83	83.67	102.81	63.64	72.77	78.15	64.74	81.13	57.21
Inventory	0	0	0	2.98M	2.95M	0	-38.36B	-3.56M	0	0
Days Inventory Outstanding	-	-	-	36.74	18.01	-	-	-	-	-
Other Current Assets	1.37M	0	490	7.05K	-2.19M	288	38.37B	3.53M	11.43M	2.4M
Total Non-Current Assets+	25.75M	19.21M	282.64M	715.67M	714.45M	536.3M	556.07M	1B	1.23B	1.03B
Property, Plant & Equipment	25.7M	19.2M	282.38M	711.25M	709.17M	526.08M	545.52M	756.75M	1.22B	1.03B
Fixed Asset Turnover	0.18x	0.19x	0.11x	0.09x	0.16x	0.18x	0.33x	0.38x	0.22x	0.30x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	1.25M	2.95M	5.13M	4.74M	240.62B	2.89M	565.94K
Other Non-Current Assets	47.02K	13.05K	255K	3.18M	2.33M	5.09M	5.81M	-240.38B	7.33M	5.26M
Total Assets+	27.91M	20.54M	295.29M	753.28M	748.59M	564.63M	601.49M	1.08B	1.34B	1.12B
Asset Turnover	0.17x	0.18x	0.10x	0.09x	0.15x	0.16x	0.30x	0.26x	0.20x	0.28x
Asset Growth %	-0.53%	-0.26%	13.38%	1.55%	-0.01%	-0.25%	0.07%	0.79%	0.24%	-0.16%
Total Current Liabilities+	2.02M	1.17M	2.25M	3.8M	5.44M	8.77M	28.32M	18.77M	12.98M	12.75M
Accounts Payable	1.98M	1.03M	316.49K	1.33M	1.21M	888.74K	811.02K	1.21M	6.59M	6.5M
Days Payables Outstanding	163.23	199.64	0.02	16.41	7.37	5.97	6.26	6.66	20.61	15.27
Short-Term Debt	0	0	0	0	0	0	486.05K	487.79K	488.73K	489.14K
Deferred Revenue (Current)	0	0	509.13K	0	0	0	-486.05K	0	0	0
Other Current Liabilities	37.19K	139.52K	798.15K	2.47M	4.23M	7.88M	27.51M	17.07M	5.89M	5.75M
Current Ratio	1.07x	1.13x	5.63x	9.90x	6.28x	3.23x	1.60x	4.01x	7.95x	6.69x
Quick Ratio	1.07x	1.13x	5.63x	9.11x	5.73x	3.23x	1356.25x	4.20x	7.95x	6.69x
Cash Conversion Cycle	-	-	-	123.15	74.28	-	-	-	-	-
Total Non-Current Liabilities+	11.65M	10.74M	30.98M	87.31M	103.26M	177.57M	224.32M	244.57M	296.35M	243.67M
Long-Term Debt	11.45M	10.6M	30.84M	87.31M	100.14M	171.55M	217.12M	233.02M	294.2M	239.16M
Capital Lease Obligations	0	0	0	0	3.12M	2.85M	2.56M	2.24M	1.89M	3.56M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	196.66K	137.63K	134.87K	0	0	3.17M	4.64M	9.32M	258.01K	952.48K
Total Liabilities	13.67M	11.91M	33.23M	91.11M	108.7M	186.33M	252.64M	263.34M	309.32M	256.42M
Total Debt+	11.45M	10.6M	30.84M	87.31M	103.26M	174.4M	219.68M	235.25M	296.09M	242.72M
Net Debt	11.07M	10.09M	25.22M	71.54M	89.06M	164.59M	212.63M	210.62M	265.1M	208.55M
Debt / Equity	0.80x	1.23x	0.12x	0.13x	0.16x	0.46x	0.63x	0.29x	0.29x	0.28x
Debt / EBITDA	-	-	1.74x	-	5.33x	-	2.54x	1.26x	1.43x	1.41x
Net Debt / EBITDA	-	-	1.42x	-	4.59x	-	2.46x	1.12x	1.28x	1.21x
Interest Coverage	-80.39x	-13.58x	2.59x	-11.77x	-5.66x	-38.99x	5.37x	9.91x	4.23x	1.39x
Total Equity+	14.24M	8.63M	262.07M	662.18M	639.89M	378.3M	348.85M	813.41M	1.03B	863.5M
Equity Growth %	-0.7%	-0.39%	29.36%	1.53%	-0.03%	-0.41%	-0.08%	1.33%	0.26%	-0.16%
Book Value per Share	12.87	0.53	15.88	35.91	30.19	10.96	5.72	12.35	11.05	7.44
Total Shareholders' Equity	14.24M	8.63M	262.07M	364.41M	358.74M	301.3M	329.6M	602.62M	871.27M	780.22M
Common Stock	14.24M	8.63M	262.07M	294.97M	283.83M	258.63M	329.6M	602.62M	556.85M	464.22M
Retained Earnings	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	297.76M	281.16M	77M	19.25M	210.79M	157.19M	83.27M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	2.71M	1.09M	18.76M	33.2M	80.7M	62.25M	91.44M	166.64M	174.27M	250.92M
Operating CF Margin %	0.58%	0.3%	0.61%	0.5%	0.73%	0.67%	0.51%	0.58%	0.64%	0.81%
Operating CF Growth %	-0.33%	-0.6%	16.26%	0.77%	1.43%	-0.23%	0.47%	0.82%	0.05%	0.44%
Net Income	-31.31M	-6.21M	1.22M	-52.28M	-158.21M	-256.09M	42.44M	130.79M	83.01M	11.07M
Depreciation & Amortization	4.01M	1.6M	15.66M	25.21M	52.27M	48.26M	37.1M	50.41M	96.81M	135.47M
Stock-Based Compensation	605.06K	605.06K	848.84K	3.17M	7.5M	9.26M	10.63M	11.11M	13.11M	16.38M
Deferred Taxes	0	4.99M	0	62.76M	172.49M	0	0	0	0	0
Other Non-Cash Items	32.71M	12.6K	33.66M	466K	1.05M	260.15M	21.8M	-11.35M	-9.92M	76.46M
Working Capital Changes	713.46K	84.46K	655K	-6.13M	5.59M	659.53K	-20.52M	-14.33M	-8.74M	11.53M
Change in Receivables	464.88K	-66.45K	-1.68M	-6.86M	4.38M	720.92K	-19.67M	-12.36M	-10.16M	12.02M
Change in Inventory	-1.49M	949.75K	-233.78K	-34.07M	1.76M	0	0	0	0	0
Change in Payables	1.6M	-952.8K	564.46K	985.94K	-125.39K	-319K	-77.72K	399.32K	509.4K	-89.11K
Cash from Investing+	-538.64K	-97.46K	-125.91M	-200.93M	-15.59M	-90.83M	-55.57M	-374.72M	-246.68M	-209.89K
Capital Expenditures	-538.64K	-97.46K	-61.93K	-211.5M	-12.72M	-88.6M	-56.07M	-141.46M	-490.81M	-209.89K
CapEx % of Revenue	0.11%	0.03%	0%	3.16%	0.12%	0.95%	0.31%	0.5%	1.8%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	0	-78.16M	-125.85M	10.58M	94.15K	0	500.39K	-91.97M	31.55K	0
Cash from Financing+	-2.06M	-863K	112.96M	177.87M	-66.68M	24.18M	-38.62M	226.06M	78.38M	-247.53M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-4.51M	0	-13.82M	-40.95M	-78.85M	-54.93M	-71.72M	-126.77M	-152.97M	-187.2M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	0	-13K	95.94M	-3.39M	-806.39K	-4.45M	-684.77K	224.26M	-254.76M	-4.98M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	2.17M	989.14K	18.7M	-178.3M	67.98M	-26.35M	35.37M	25.18M	-316.54M	250.71M
FCF Margin %	0.46%	0.27%	0.61%	-2.66%	0.62%	-0.28%	0.2%	0.09%	-1.16%	0.81%
FCF Growth %	1.04%	-0.55%	17.9%	-10.54%	1.38%	-1.39%	2.34%	-0.29%	-13.57%	1.79%
FCF per Share	1.96	0.06	1.13	-9.67	3.21	-0.76	0.58	0.38	-3.40	2.16
FCF Conversion (FCF/Net Income)	-0.09x	-0.17x	15.39x	-0.66x	-0.51x	-0.39x	2.70x	1.49x	2.62x	20.48x
Interest Paid	333.29K	373.51K	0	0	5.18M	5.35M	7.54M	11.21M	23.73M	25.28M
Taxes Paid	7.36K	25.89K	0	0	801.67K	0	0	3.08M	2.28M	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-100.31%	-54.33%	0.9%	-10.92%	-24.3%	-31.34%	9.31%	19.26%	7.22%	1.3%
Return on Invested Capital (ROIC)	-56.47%	-19.65%	1%	-7.08%	-3.37%	-29.57%	6.7%	12.95%	7.11%	2.35%
Gross Margin	5.32%	47.74%	-17096.95%	55.75%	45.58%	41.49%	73.5%	76.73%	57.24%	49.93%
Net Margin	-668.4%	-172.25%	3.97%	-75.39%	-143.88%	-171.67%	18.98%	39.27%	24.33%	3.94%
Debt / Equity	0.80x	1.23x	0.12x	0.13x	0.16x	0.46x	0.63x	0.29x	0.29x	0.28x
Interest Coverage	-80.39x	-13.58x	2.59x	-11.77x	-5.66x	-38.99x	5.37x	9.91x	4.23x	1.39x
FCF Conversion	-0.09x	-0.17x	15.39x	-0.66x	-0.51x	-0.39x	2.70x	1.49x	2.62x	20.48x
Revenue Growth	-35.11%	-23.02%	750.22%	118.25%	64.3%	-15.48%	91.97%	59.77%	-4.16%	13.72%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Oil and Gas	-	-	-	-	-	-	304.61M
Oil and Gas Growth	-	-	-	-	-	-	-
Oil and Condensate	-	-	-	-	-	-	215.54M
Oil and Condensate Growth	-	-	-	-	-	-	-
Natural Gas, Midstream	-	-	-	-	-	-	50.16M
Natural Gas, Midstream Growth	-	-	-	-	-	-	-
Oil, natural gas and NGL revenues	-	-	-	175.09M	281.96M	267.58M	-
Oil, natural gas and NGL revenues Growth	-	-	-	-	61.04%	-5.10%	-
Lease bonus and other income	-	-	-	3.32M	3.07M	5.59M	-
Lease bonus and other income Growth	-	-	-	-	-7.40%	82.03%	-
Oil And Gas	65.71M	107.48M	92.59M	-	-	-	-
Oil And Gas Growth	-	63.56%	-13.86%	-	-	-	-
Lease Bonus And Other Income	1.21M	2.48M	345.77K	-	-	-	-
Lease Bonus And Other Income Growth	-	104.12%	-86.04%	-	-	-	-

Frequently Asked Questions

Growth & Financials

Kimbell Royalty Partners, LP (KRP) reported $328.3M in revenue for fiscal year 2024. This represents a 6443% increase from $5.0M in 2013.

Kimbell Royalty Partners, LP (KRP) grew revenue by 13.7% over the past year. This is steady growth.

Yes, Kimbell Royalty Partners, LP (KRP) is profitable, generating $36.6M in net income for fiscal year 2024 (3.9% net margin).

Dividend & Returns

Yes, Kimbell Royalty Partners, LP (KRP) pays a dividend with a yield of 11.60%. This makes it attractive for income-focused investors.

Kimbell Royalty Partners, LP (KRP) has a return on equity (ROE) of 1.3%. This is below average, suggesting room for improvement.

Kimbell Royalty Partners, LP (KRP) generated $22.5M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.